By way of early notification the Minister for the Treasury, the Hon A Bell MHK,
has announced that he intends to bring proposals forward in this month’s sitting
of Tynwald which will increase the fees payable for Tax Exempt Companies,
International Limited Liability Companies and International Limited Partnerships.

The proposed increases are set out in the table below.

Type of Company

Applications
made:

2004/05

2003/04

Tax Exempt Companies

Before 30th
June

£450

(£430)

International Limited Liability Companies

Before 30th
June

£450

(£430)

International Limited Partnerships

At any
time

£450

(£430)

No changes are to be proposed for the higher rates chargeable upon late
applications.

The necessary provisions confirming the amounts applicable will be on the
Tynwald agenda for the February sitting and where appropriate will be subject to
the approval of Tynwald.